Policy

Australians will be able to charge their electric vehicles in more rural and regional locations with the federal government announcing it will partner with motoring group NRMA to build a ‘backbone’ nation-wide network of fast-charging sites on major highways across the country by 2025.

Solar and battery retailers in Victoria will have to abide by a new consumer protection standards after the state government announced it will mandate a new stronger code that builds on the previous guidelines and expands them to include new energy technology including electric vehicle chargers.

The federal government has followed the release of its first electric vehicle strategy with a flurry of funding commitments designed to drive an increase in the number of zero-emission cars on Australian roads and in turn decarbonise the nation’s transport system.

Since the passage of the US Inflation Reduction Act (IRA) last August, the utility-scale clean power sector has announced USD 150 billion ($223b) in funding, 46 new manufacturing facilities, and nearly 20,000 new jobs, according to the American Clean Power Association.

The Albanese government’s National Electric Vehicle (EV) Strategy includes just five new initiatives, four of which are still in the “development” or “preparation” stages. While there is a general sentiment the 56-page strategy is ‘a step in the right direction,’ numerous stakeholders have already pointed to its glaring omissions. 

Finance consultancy explains in a new report that the levelised cost of green hydrogen (LCOH) is well below USD 2/kg with subsidies. Using either PEM and alkaline electrolysers, green hydrogen normally has a lower levelised cost than pink hydrogen. Meanwhile, Australian authorities are trying to increase the competitiveness of the local hydrogen sector, and car companies are updating their fuel cell plans.

New Zealand’s large-scale solar market is set to shift up a gear with the government announcing two new projects with a combined generation capacity of more than 500 GWh per annum have been referred for fast-track consenting.

Energy and environment ministers from the Group of Seven nations have announced new targets for solar power and offshore wind capacity after vowing to drastically increase renewable energy development and accelerate the phase out of “unabated” fossil fuel use.

The federal government is increasing its investment in green hydrogen and low-emissions steel with $50 million in research and development funding to help progress the technologies as a new report warns that Australia must act quickly or risk being left behind in the race to become a renewable energy superpower.

In a strongly-worded submission, two experts claim AEMO’s backbone interconnector proposed between Victoria and New South Wales is a “monumental mistake” and relies on analysis that is “biased, flawed and in parts dishonest.”